“Treasury Secretary Timothy F. Geithner said yesterday that the ‘ultimate test’ for determining which banks can repay government bailout money is whether the entire financial system is capable of offering enough credit to revive the economy. Geithner’s remarks indicate that regulators will require banks to meet high standards to get out from under the government’s thumb…. But the banks say federal bailout money, which requires firms to restrict executive pay and submit to other limits, now carries a stigma…. The federal government can reject requests from banks that want to repay the money.” (Washington Post, Wednesday)
They need permission to pay it back?
FEE Timely Classic
“Economic Fascism” by Thomas J. DiLorenzo
